1、 Price trend:

According to the bulk list data of business society, the domestic market of PA6 fell after rising in March, and the spot prices of various brands rose first and then fell. As of March 30, the mainstream offer price of the sample enterprises for China viscosity 2.75-2.85 was about 15833.33 yuan / ton, up or down by + 0.21% compared with the average price at the beginning of the month.

2、 Analysis of influencing factors:

Industrial chain: upstream, the price of caprolactam fluctuated sharply in March. In the second week of this month, the sharp rise of international crude oil led to the increase of pure benzene price, the cost side of caprolactam was strongly supported, and petrochemical plants raised the price of caprolactam. After the crude oil fell back in the middle of the year, it resumed its rise in the latter half of the year, but there were great differences among market participants and the positive transmission was poor. At the end of the month, there was less supply in the market, the bad news weakened, and caprolactam stopped falling and rebounded. It is suggested to pay attention to the trend of raw material market and changes in supply.

In March, the upstream caprolactam price recovered slightly after falling, and the cost side support of PA6 strengthened from weak. The operating rate of domestic PA6 polymerization plant is generally stable at more than 70% this month. On the cost side, the international crude oil price fluctuation caused by the situation in Russia and Ukraine benefited the PA6 industrial chain in the first half, and rose again after the international crude oil price fell in the second half. After that, the operators were more worried about the market uncertainty and weakened the support effect on the cost side of PA6. The supply side of PA6 continues the previous abundant pattern, the demand of downstream enterprises just needs to be stable, and the on-site trading situation this month is general. The low-end supply of goods in the whole month is acceptable, the inventory position of enterprises and sellers is not high, and the mentality is strong. The logistics obstruction in many places caused by health events in the month has not ended, which also affects the trading of some PA6. At present, PA6 is porous and intertwined, and the market situation is biased towards cost side guidance.

3、 Future forecast:

Business analysts believe that: in March, the spot price of PA6 rebounded after rising, the trend of caprolactam recovered narrowly after falling, and the cost side of PA6 supported the fluctuation. Downstream enterprises tend to buy on bargain hunting and just need to take goods to maintain production. It is expected that the trend of PA6 market may be weak in the short term.